Atlantic Union Bankshares Q2 EPS $0.70 Beats $0.67 Estimate, Sales $176.30M Miss $177.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atlantic Union Bankshares (NASDAQ:AUB) reported Q2 earnings of $0.70 per share, beating the analyst consensus estimate of $0.67 by 4.48%. However, this is a 11.39% decrease from the same period last year. The company's quarterly sales of $176.30 million missed the analyst consensus estimate of $177.86 million by 0.88%, marking a 0.43% decrease from the same period last year.
July 25, 2023 | 11:35 am
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Atlantic Union Bankshares reported Q2 earnings that beat estimates but sales that missed. The earnings per share were up 4.48% from estimates but down 11.39% YoY. Sales were down 0.88% from estimates and 0.43% YoY.
The company's earnings beat estimates, which is a positive signal for investors. However, the decrease in earnings YoY and the missed sales estimates could negatively impact the stock price. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100